Driven by record low inventory, little about the housing market went as forecast last year. Like the soaring stock market, the housing market often seemed disconnected from the tumult in Washington and natural disasters elsewhere. A crippling lack of inventory remained the defining trait of the housing market in 2017. According to Zillow, housing inventory declined 10.5% in the 12 months ending in November. Experts tend to agree mortgage rates will finish the year between 4% and 4.5%.

Source: Forbes January 03, 2018 14:26 UTC